Carbon Tax for California?

March 4, 2009

Carbon Control News reported this morning that,

A special California budget commission tasked with proposing new sources of revenue for the state is scheduled to discuss next week a broad new carbon tax that would likely be aimed at major energy and fuels providers, and which could potentially raise billions of dollars annually to help the state meet its growing budget shortfall.

Fortunately,

The proposal is already being attacked by major industry groups in the state, which argue are currently facing multiple carbon fees and taxes under the state’s sweeping climate change regulatory program currently being implemented under the 2006 state law, AB 32…

The coalition—the AB 32 Implementation Group—argues that the state is already implementing a number of greenhouse gas (GHG) regulations and programs under AB 32 that will… add up to $50,000 to the cost of a new home, … cost between $1,000 and $3,000 per car, and [add] a new $500-million-a-year water charge.”